Quantum Guam Power LLC (QGP), an affiliate of Quantum Utility Generation (QUG), has acquired a 7.75 MW solar power purchase agreement (PPA) from Pacific Green Resources LLC.
The PPA is a 25-year agreement with the Guam Power Authority. QGP expects to execute the newly acquired PPA in combination with the 27.4 MW late-stage solar development project it has been developing on Guam since 2011. The combined 35.1 MW facility will be located in the Dandan, Inarjan, area and is expected to be online in 2014.
‘GPA and QUG's collaboration on this transaction to create a single, larger project will improve the financing, construction and long-term operations and maintenance of the project and will benefit all of the project's stakeholders,’ says Dirk Straussfeld, QUG's chief technical officer.